The upcoming Non-Farm Employment Change and Unemployment Rate reports are set to be pivotal for the USD. With expectations of a notable slowdown in job growth—projected at 65K compared to the previous 178K—and a slight increase in wages, market volatility is almost guaranteed. This leaves a critical question: will these reports affirm the bullish trend we've seen or shift sentiment in another direction?
Currently, price is testing the crucial 4,660 support level. If this level holds through the data release, we could see a continuation toward the 4,720 resistance zone. This would keep the bullish structure intact, suggesting a further rally in the short term. However, any disappointment in the employment data could disrupt this structure, particularly if the numbers miss expectations. A clear break below 4,660 would invalidate the bullish scenario and could lead to a deeper retracement, with 4,550 as the next major target.
The market is in a pivotal spot. A stronger-than-expected jobs report could drive price upwards, extending the current bullish move, while a weaker report could trigger a sharp pullback and potentially a trend shift. These key levels will likely define the next significant move in the market.
How do you plan to position yourself ahead of the data release? Are you expecting a breakout or a correction?
Currently, price is testing the crucial 4,660 support level. If this level holds through the data release, we could see a continuation toward the 4,720 resistance zone. This would keep the bullish structure intact, suggesting a further rally in the short term. However, any disappointment in the employment data could disrupt this structure, particularly if the numbers miss expectations. A clear break below 4,660 would invalidate the bullish scenario and could lead to a deeper retracement, with 4,550 as the next major target.
The market is in a pivotal spot. A stronger-than-expected jobs report could drive price upwards, extending the current bullish move, while a weaker report could trigger a sharp pullback and potentially a trend shift. These key levels will likely define the next significant move in the market.
How do you plan to position yourself ahead of the data release? Are you expecting a breakout or a correction?
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⏱️ KILLZONE GOLD — Session Trader
👉 London & New York Setups Daily
👉 4–6 Swings + 10–20 Scalps VIP
👉 Trade the move, not the noise
💎 Get access 👉 t.me/+OudLvM-DxUA4ZWRl
👉 London & New York Setups Daily
👉 4–6 Swings + 10–20 Scalps VIP
👉 Trade the move, not the noise
💎 Get access 👉 t.me/+OudLvM-DxUA4ZWRl
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.